Kroger Company (The) (KR) Earns Buy Rating from Hilliard Lyons

Hilliard Lyons reaffirmed their buy rating on shares of Kroger Company (The) (NYSE:KR) in a research note issued to investors on Tuesday morning. Hilliard Lyons currently has a $30.00 price target on the stock.

KR has been the subject of several other research reports. Jefferies Group LLC restated a hold rating on shares of Kroger Company (The) in a research report on Friday, August 25th. Loop Capital assumed coverage on shares of Kroger Company (The) in a research report on Monday, May 15th. They set a hold rating and a $32.00 price target for the company. BidaskClub lowered shares of Kroger Company (The) from a buy rating to a hold rating in a research report on Thursday, August 17th. TheStreet lowered shares of Kroger Company (The) from a b rating to a c+ rating in a research report on Thursday, June 15th. Finally, Wells Fargo & Company restated an outperform rating and set a $28.00 price target on shares of Kroger Company (The) in a research report on Sunday, July 2nd. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Kroger Company (The) presently has an average rating of Hold and a consensus target price of $28.58.

Shares of Kroger Company (KR) opened at 21.27 on Tuesday. The firm has a market cap of $18.99 billion, a PE ratio of 12.87 and a beta of 0.79. The stock has a 50 day moving average of $22.89 and a 200 day moving average of $26.56. Kroger Company has a 1-year low of $20.41 and a 1-year high of $36.44.

Kroger Company (The) (NYSE:KR) last released its quarterly earnings results on Friday, September 8th. The company reported $0.39 EPS for the quarter, hitting the consensus estimate of $0.39. The business had revenue of $27.60 billion during the quarter, compared to analyst estimates of $27.48 billion. Kroger Company (The) had a net margin of 1.32% and a return on equity of 28.04%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share. Equities research analysts anticipate that Kroger Company will post $1.97 earnings per share for the current fiscal year.

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Kroger Company (The) announced that its board has approved a share repurchase plan on Thursday, June 22nd that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the company to purchase up to 4.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.35%. Kroger Company (The)’s dividend payout ratio is presently 30.30%.

In other news, insider J Michael Schlotman acquired 2,000 shares of Kroger Company (The) stock in a transaction on Monday, June 26th. The stock was bought at an average cost of $22.73 per share, with a total value of $45,460.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.85% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of KR. Aldebaran Financial Inc. lifted its position in shares of Kroger Company (The) by 0.6% in the first quarter. Aldebaran Financial Inc. now owns 14,130 shares of the company’s stock worth $417,000 after purchasing an additional 78 shares in the last quarter. Savant Capital LLC lifted its position in shares of Kroger Company (The) by 0.9% in the second quarter. Savant Capital LLC now owns 10,617 shares of the company’s stock worth $248,000 after purchasing an additional 90 shares in the last quarter. Cadence Capital Management LLC lifted its position in shares of Kroger Company (The) by 0.7% in the first quarter. Cadence Capital Management LLC now owns 19,717 shares of the company’s stock worth $581,000 after purchasing an additional 143 shares in the last quarter. Peapack Gladstone Financial Corp lifted its position in shares of Kroger Company (The) by 1.4% in the second quarter. Peapack Gladstone Financial Corp now owns 11,343 shares of the company’s stock worth $265,000 after purchasing an additional 154 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC lifted its position in shares of Kroger Company (The) by 4.1% in the first quarter. YorkBridge Wealth Partners LLC now owns 4,323 shares of the company’s stock worth $125,000 after purchasing an additional 171 shares in the last quarter. 74.63% of the stock is owned by institutional investors.

Kroger Company (The) Company Profile

The Kroger Co (Kroger) manufactures and processes food for sale in its supermarkets. The Company operates supermarkets, multi-department stores, jewelry stores and convenience stores throughout the United States. As of January 28, 2017, it had operated approximately 4,000 owned or leased supermarkets, convenience stores, fine jewelry stores, distribution warehouses and food production plants through divisions, subsidiaries or affiliates.

Analyst Recommendations for Kroger Company (The) (NYSE:KR)

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